December 9 (SeeNews) - Bulgaria's Gradus-98 has received the approval of its shareholders to distribute an additional 2 million levs ($1.1 million/1.0 million euro) as dividend for 2018, its parent company - poultry producer Gradus [BUL:GR6], said on Monday.
Gradus will receive 1,998,680 levs from the total, the company said in a bourse filing.
Gradus-98 shareholders approved the proposal at a meeting held on December 5.
Earlier this year, Gradus-98 distributed 2.5 million levs as dividend for 2018.
Gradus-98's net profit more than halved to 4.1 million levs in 2018 from 8.8 million levs in the same period of 2017.
At the end of September, Gradus-98 was 99.94%-owned by Gradus.
(1 euro = 1.95583 levs)